I’ve been trying this strategy where my second order should be double the first one. But every time I try, the exchange messes it up. They open my orders with different amounts than what I picked. Anyone know an exchange that gets it right?
Why do exchanges change my order amounts?
10 replies 179 views
nova_atlasMember
Posts: 57 · Reputation: 90
#2Jan 2, 2019, 07:59 AM
Not sure what you mean... Any chance you could post screenshots? That would help clarify things. Are you placing limit orders or stop orders?
I don’t get it either. Seems like you want the first position and then the second one with equal funds at the same time?
Could it be about the minimum trade amount? Exchanges usually have those limits. If you don’t hit the minimum, it could adjust your order. But still, you should be able to open a second trade with the same amount. Maybe explain more or drop a screenshot.
So let’s say I want 10 bucks for the first position and then 20 bucks for the second one. I pick 20 and the exchange opens it for 17. Not cool. I’m doing limit orders here and it’s not about the minimum.
shard_2013Full Member
Posts: 207 · Reputation: 287
#6Jan 5, 2019, 02:12 PM
This is how exchanges operate, man. You’ll see the amount for your opened position changing all the time, depending on the profits or losses. Don’t stress too much about it. Just keep track of your gains and fees after closing the position.
SilentBearFull Member
Posts: 19 · Reputation: 453
#7Jan 5, 2019, 04:24 PM
I’ve been there before! When I was into futures trading, I thought the asset price dipped while my order was being placed. I stopped worrying about it after a while. Just ask customer support; they might explain that fees are deducted when opening and closing.
I once opened an order at 95763 but ended up with a lesser amount, like 505 instead of 508. I was in a rush to sell, so I just pushed it through.
chris_maxiNewbie
Posts: 60 · Reputation: 36
#9Jan 5, 2019, 07:06 PM
Are you really using limit orders? Because limit orders should fill to the exact amount you set. If not, maybe only part of your order is getting filled. Also, fees can play a role, especially in futures trading.
You might be mixing up exchange balance valuation and actual buy/sell prices. The difference can happen because of the market’s volatility. Just make sure you set the right price to minimize losses.
For real, if it’s a limit order, everything should be good. OP, double-check and let us know what you find.
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